Finals Short Responses

Question 1

What are the 4 factors of production?

Answer 1

Land
Labor
Capital
Entrepreneurship

Question 2

List 3 government regulations

Answer 2

Tariffs
Licensing
Consumer protection laws

Question 3

List 3 factors that weaken an economy

Answer 3

Unemployment
Significant inflation
Political instability

Question 4

What would happen to Rare shoes price if we suddenly found ten-thousand more pairs in a warehouse?

Answer 4

The demand would go down because the supply went up

Question 5

You own a Coffee shop that has 4 other employees. What might their roles be?

Answer 5

Barista, cook, manager, cashier

Question 6

What is the importance of a strong community

Answer 6

Less crime, stability, more gatherings, social support

Question 7

If you were to interview for a job, what are some questions you might ask during interview?

Answer 7

How might my future look like working here, company’s main values, What’s the average time other employees have worked here?

Question 8

What is the importance of job selection

Answer 8

To make sure the job is a perfect fit for what you want and need

Question 9

What does it mean to you to be a good citizen

Answer 9

Follows laws, showing up to jury duty, being an informed voter, paying taxes, community service

Question 10

What prison reform is happening and do you think we could do more

Answer 10

We are trying to reduce prison population, adressing the root causes of crime. We need to continue to educate them and help them recover

Question 11

What’s the importance of Thoery of a Case

Answer 11

Helps us decide which witnesses to call and in what order, gives us explanation of underlying facts

Question 12

What is burden of proof and what must the prosecution do

Answer 12

The obligation of the prosecution to prove every element of the alleged crime beyond reasonable doubt